USD/JPY: REVERSAL OF TREND UNDER CONDITIONS
LONG TERM: The pair has for the last 5 years stayed in a bear trend,approaching long term support levels.As soon as it stays above the 101.00 level we are assuming the beginning of the creation of a reversed head and soulders formation,something that will be proved after the approach and the upwards break of the 125.00 area.
SHORT TERM: We stay on our point as described in last analysis:”We can now (115.80) enter long aiming 118.00.Stop loss at 114.20″.
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